Admission Processes & Procedures
5.11
In respect of an issuer undertaking a multiple issuance of SW pursuant to paragraph 3.0 of Practice Note 27, is the issuer required to submit a letter of undertaking executed by the issuer and a letter of undertaking executed by each of its directors together with each of its listing application submitted to Bursa Securities?
An issuer may submit a letter of undertaking executed by the issuer and a letter of undertaking executed by each director in the format prescribed in Annexure PN27-C and Annexure PN27-D respectively in its first listing application submitted under each base prospectus. This undertaking letter will be applicable for all subsequent listing applications made within the validity period of the base prospectus.
For an issuer whose base prospectus is issued before the effective date of Annexure PN27-C and Annexure PN27-D (i.e. 3 August 2009), the issuer must submit the said letters of undertaking in the format prescribed in Annexure PN27-C and Annexure PN27-D respectively in its first listing application submitted to Bursa Securities after 3 August 2009.